Panama 'gaining more attention'

Thu, 7 Aug 2008 00:00:00 GMT

The potential advantages of investing in property in Panama have been growing thanks to the recent case of a couple who moved there after an insurance scam, it has been stated...

Panama 'offers cheap property'

Thu, 7 Aug 2008 00:00:00 GMT

Overseas property buyers may be able to snap up a relative bargain in Panama, a media outlet has stated.

According to the Guardian, a typical apartment in the South American country can cost as little as £30,000.

Meanwhile, a two-bedroom flat in Panama City, complete with gym and swimming pool, can sell for about £75,000.

Commenting on the market, the Guardian observed: "Even in the current downward spiral of the UK housing market, Panama's property remains a bargain by a long way."

The newspaper said the country also offers a number of lifestyle attractions, such as good beaches and sunny weather all year round.

Furthermore, it stated that Panama has a favourable tax regime and good healthcare provision, attributes which have made it a popular spot for retirees.

This comes after analysts at Amberlamb stated that the "world and his wife" have become aware of the investment potential in the Central American country.

Real Estate & Commercial News in Panama from Propertyshowrooms.com

Panama 'gaining more attention'

Panama 'offers cheap property'